Explains why they took the pay first get shares later approach for the SPP.
What was the SP on the last day you had to get your cheques in ?
25%+ lower than today ?
See the point...
What you thought you would receive for 15k will now be less.
Up to 25% less shares than you were led to believe you would receive.
Nice way to treat the LT Holders.
Real Favour you did them Eric by constructing the placement this way.
I do wonder how many shares pattersons will get and dump straight away if the SPP is not fully subscribed.
Like the guidance ?
What they give us as guidance usually will turn out to be less or incomplete as to the "Real Issues" affecting the company but of course this particular CR is different they are, in Lynas speak, 99% away from cashflow neutral.
So in in true reality they are still losing money but phrase their guidance so as to disguise this fact.
another day with green +++, page-9
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